Oil & Gas - Energy - Commodities - Resources (OILBRENT)

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Building inventories can weigh on natural gas prices and producers
By: Almanac Trader | June 8, 2018

June offers one high-probability seasonal sector trading opportunity on page 92 of the Stock Trader’s Almanac for 2018. This trade idea is based upon the NYSE ARCA Natural Gas index (XNG) and takes advantage of seasonal weakness in natural gas stocks (companies) beginning in/around mid-June lasting through the end of July. XNG enjoyed a rally from early April until late May, but is now showing signs of waning upward momentum.



Natural gas supply is plentiful and inventories are building. This is likely to pressure natural gas price and the shares of the companies that explore, develop and produce it could suffer as well. Mild weather conditions are also dampening demand as air conditioners remain on light duty and their associated electrical demand remains subdued.

http://jeffhirsch.tumblr.com/post/174701478343/building-inventories-can-weigh-on-natural-gas

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